Tags: uber | third quarter | loss | billions

$1.46 Billion Lost by Uber in Third Quarter of 2017

$1.46 Billion Lost by Uber in Third Quarter of 2017
A sign with an Uber logo is seen in the smartphone ride-hailing giant's office in Hong Kong on July 13, 2017. (Aaron Tam/AFP/Getty Images)

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Wednesday, 13 December 2017 03:49 PM Current | Bio | Archive

Uber, the ridesharing company that reshaped the transportation landscape, reportedly lost $1.46 billion in the third quarter of 2017. That’s a significant increase from losses of just under a billion dollars a year earlier.

Gross revenue for Uber reached nearly $10 billion from July to September of this year. However, the vast majority of the money goes to drivers. Uber itself received $2.0 billion in net revenue.

That means Uber spent about $3.5 billion in expenses to earn $2.0 billion in revenue.

Ballotpedia tracks ridesharing policies in the 100 largest cities by population in the U.S. Read more about ridesharing and local government responses to the sharing economy here.

Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.

Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.

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Uber, the ridesharing company that reshaped the transportation landscape, reportedly lost $1.46 billion in the third quarter of 2017. That’s a significant increase from losses of just under a billion dollars a year earlier.
uber, third quarter, loss, billions
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2017-49-13
Wednesday, 13 December 2017 03:49 PM
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